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intentionally covered up the allegations to protect penn state's reputation. the university's former athletic director and former senior vice president are awaiting trial on perjury charges. >>> jp morgan chase says it's giant trading blunder earlier this year was much more serious than first reported. more on the fall out for the bank and its traders. >> a bad trade at jp morgan chase has cost the bank $5.8 billion so far this year. that's nearly triple the $2 billion the bank first disclosed. ceo jamie diamond said he's fired the managers in charge of that trade and the company is taking back 2 years worth of pay from them. >> they say they're doing all the right things. time will tell if they really are. >> the trading loss came from the london's office. >> when jp morgan first started investigating the loss the xeef executive dismissed it -- executive director dismissed it. he admits the blunder has shaken the company. >> we don't take it lightly diamond told analysts but we think it's an isolated event. even with the loss, jp morgan made a $5 million profit. it listed financial shocks an
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